Philip Baggaley, a managing director in Standard & Poor's Corporate and Government Services analysis group, has followed airlines and aircraft leasing companies for 23 years and manages the S&P's transportation, aerospace and defense rating team. A frequent speaker at conferences on air and rail transportation, Baggaley also has testified before Congress and congressionally created study groups. He has, he says, "serious concerns about the future of the airline industry if current oil prices persist."

A federal appeals court on Tuesday will consider whether a notorious "wardrobe malfunction" that bared singer Janet Jackson's breast during a televised 2004 Super Bowl halftime show was indecent, or merely a fleeting and accidental glitch that shouldn't be punished.

Boeing unveils its lightweight 787 Dreamliner on Sunday, the first commercial jet predominantly made of carbon-composite materials and the planemaker's first all-new airliner in more than a decade. The midsized aircraft seating 210 to 330 people in its three planned models promises 20% fuel savings for airlines and a new standard of comfort for passengers.

March 8:Corporate executives' pay will be examined at a House Financial Services Committee hearing. Chairman Barney Frank, D-Mass., plans to introduce a bill to give shareholders the right to cast advisory votes on CEO pay packages.

Charitable contributions to U.S. colleges and universities reached $28 billion last year, up 9.4% from the year before, a survey says. It adds that alumni giving, which represents about 30% of such support, grew by "an impressive 18.3%" last year, to $8.4 billion.

Back in the days when General Motors was the nation's biggest company, people drove cars so unsafe that a tune-up included points, plugs and four quarts of embalming fluid. Nowadays, autos are much safer, but Wall Street looks at General Motors bonds as unsafe at any speed.

Heading into the third quarter, stock investors may be feeling like they just got off a bone-rattling thrill ride. In the second quarter, the Dow Jones industrial average rose 0.8% to close at 11,150.22. The technology-heavy Nasdaq fell 7.1% to 2172.09 and the S&P 500 lost 1.7% to close at 1270.20

Pumped-up oil prices were supposed to siphon the life out of the stock market. But not even oil gushing near a record $72 a barrel has been able to slow down the gains posted by the Dow Jones industrial average, which is speeding along at six-year highs.